Honda is backing away from its aggressive electric vehicle (EV) ambitions, citing a cooling U.S. market and growing global ...

At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...

Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of ...

Honda announced on Tuesday that it will scale back its ambitious electric vehicle (EV) targets, citing slower-than-expected ...

Honda Motor is revising its electric vehicle strategy due to slowing global demand, shifting its focus more towards hybrids, ...

Fischer said that Honda’s goal is to better tie customer demand directly to the manufacturing floor, and keep inventory in check. That goal won’t even be an EV-exclusive idea. It follows Honda ...

with goals also to reduce battery size by 50%, weight by 35% and cost by 25% from current levels in the next half decade, Otsu said. Honda plans to increase its annual EV production to over 2 ...

Honda is busy preparing its factories in Marysville and East Liberty, Ohio, for EV production as part of its Ohio-based Honda EV Hub. But the factories won't be restricted to building EVs and will ...

Several months later, Honda teamed up with Nissan with similar goals in mind. And Nissan is already part of a decadesold global alliance with Mitsubishi that also includes Renault. Honda was ...